(949) 272-0125 www.bestocproperties.com Are amazing deals on Short Sales & Foreclosures a fact or myth? Most deals on Short Sales and foreclosures take place on properties that are distressed or have some sort of rehabilitation issue. Those are the types of properties you will often see on shows like “Flip this House” and “Vanilla Ice Project”. If the home is in turnkey condition, then it is unlikely that you will get a great deal on the home. The bank is not likely to offer a significant discount for two reasons. First, the bank knows what the property is worth because of the appraisal or BPO value of the property. Second, the bank does not want to encourage a further depression of home prices due to the large inventory of foreclosure properties on the market right now. http www.twitter.com
In this video, I cover the overall short sale process and outline what to expect when working together with our team. You can get more information about short sales and our team at www.sdshortsaleexperts.com.
Amanda Brown gives an overview of the short sale process and what sellers can do to position themselves for success and make the process as smooth as possible. Amanda Brown who is a short sale expert in Las Vegas has a 97% short sale approval rate. This is extremely high for a real estate agent since the short sale process is extremely difficult. Many real estate agents in Las Vegas refer their short sales to Amanda. www.toddmillertv.com
This week Peter Campellone reviews the stories reported about the Bankruptcy Filing of William Lyon Holmes, Continued Short Sale Mania in Orange County, How to Get Help if You are One of the 245000 Homeowners whose home is underwater and our nations’ Weekly Financial Reports. William Lyon Homes plans on filing bankruptcy protection to stave off creditors and reorganize its debt holdings with Colony Capital and Colony Financial. Additionally, Luxor Capital (a Freedom Communications company) will gain 28.5% ownership of the company through notes and stock. The retired Air Force Reserve General William Lyon plans to be reorganized and out of bankruptcy in the first quarter of 2012. Peter Campellone suggests General Chairman Lyon to contact the government and cut a deal to help manage the growing REO crisis. The developer can act as a property manager by charging rents which then can be used to reduce the federal deposit insurance legacy expanded to cover the high cost of the foreclosure bailouts. If you have a client interested in prequalifying a prospect for a builder purchase, please contact Peter Campellone at 949-275-3403. CoreLogic reported that there are over 98069 underwater homeowners in Orange County. It’s time for realtors to overcome their fear of time consuming and complicated work by observing a couple benefits of doing short sales. Two hassle factors that are typical negotiating points have become a sweet shift to the note holders: commission negotiation and …
www.real-estate-albuquerque.com Short sale and foreclosure home specialist in Albuquerque, New Mexico (NM). Bank owned properties in Albuquerque NM ALbuquerque REOs REO properties How to succeed in short sales.
** 727-710-8036 ** Clearwater Beach Short Sale Foreclosure Report sandbarstosunsets.com Clearwater Beach Short Sale Agents give you actual info on what condos and homes sold that were short sales in Clearwater Beach Florida this past month. If you are a homeowner that wants to know more about avoiding foreclosure and Clearwater beach short sale options call us at 727-422-8901
Pre-foreclosure Investor Buyout (PFIB) specialist John Michailidis was asked to give a video briefing for his friend and renowned short sale attorney Jeff Watson and his students. John talks about the federal indictment of two Connecticut real estate practitioners for allegedly scheming to defraud banks using bogus short sale transactions.
The debate continues on which is better – a short sale or a foreclosure. The answer depends a lot on how many sharks are circling your underwater home.
Struggling homeowners will soon have more options to keep their homes out of foreclosure. There’s a program aimed at making short sales easier and more attractive for both lenders and home owners. A short sale is where the bank agrees to let a homeowner sell their house for less than what’s owed. It allows struggling homeowners to better protect their credit, which can be damaged for 7 to 10 years with a foreclosure. But until now, short sales have been a cumbersome process – one that’s turned many away from this viable option. Philip Lueckenotto bought a home on Springfields west side as an investment opportunity, but then the real estate bubble burst and he started to sink. I was getting underwater, he said. He knew selling the home wasn’t an option. There was no way I was going to get what I paid for 2 and half years earlier. Faced with foreclosure, Philip called his lender to refinance but was denied. Instead, his lender suggested he talk to a real estate agent about a short sale. A short sale is when lender agrees to take less than amount owed as full satisfaction of debt, said loss mitigation expert Jan Cole, with Carol Jones Realtors. Instead of negatively impacting his credit for 7 to 10 years like a foreclosure, a short sale only hurts his credit for about 2 years. The theory is that everyone is a winner. The home owner walks away without a deficiency, the lender loses less and the person who buys it buys below market value, said Cole. But Cole says it’s a …
On this weeks Preforeclosure “Tip of the Week” we uncover how to overcome one of the biggest hurdles in todays short sale world.The new and improved Bank of America filtering system!Listen in as we let you in on a little known game that we play…
